Japan top foreign investor in Vietnam

A worker examines electronic components at a factory of the Myungjin Electronic Vina Co. Ltd, invested by the Republic of Korea, in the Diem Thuy Industrial Park in Thai Nguyen province (Photo: VNA)

Hanoi (VNA) – Japan poured 6.88
billion USD, 30 percent of the total foreign direct investment (FDI), into Vietnam
in the first seven months of 2018, the biggest figure among 96 countries and
territories investing here.

Japan was followed by the Republic of Korea
with 5.46 billion USD or 23.8 percent of total FDI and Singapore with 2.73
billion USD or 11.9 percent, according to the Foreign Investment Agency (FIA)
of the Ministry of Planning and Investment.

Foreign investors registered a total 22.94
billion USD for new and existing projects and buying shares in Vietnam during
the period, up 4.6 percent from a year earlier.

Of that sum, investment registration
certificates were granted to 1,656 new FDI projects worth 13.2 billion USD as
of July 20, up 2.2 percent year on year. Meanwhile, 4.95 billion USD was added
to 627 existing projects.

Among the 17 sectors receiving FDI, processing
and manufacturing attracted most with 9.63 billion USD, accounting for 41.95
percent of total capital. Real estate ranked second with 5.6 billion USD or
24.4 percent while the wholesale and retail sector was in third place with 1.69
billion USD or 7.4 percent.

The FIA said foreign capital entered 59 of the
63 provinces and cities nationwide between January and July. Hanoi topped the
list with 6.17 billion USD or 26.9 percent. It was followed by Ho Chi Minh City
with 4.12 billion USD or 17.9 percent and Ba Ria-Vung Tau province with 2.15
billion USD or 9.4 percent.

As of July 20, FDI projects disbursed about 9.85
billion USD, rising by 8.8 percent from the same period last year.-VNA